Fronting Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of the Issuing Bank a per annum fronting fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Maturity Date) in an amount equal to the product of (A) 0.125% times (B) the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.
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Sources: Credit Agreement (Pillowtex Corp)
Fronting Fee. Subject to Section SECTION 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of the Issuing Bank a per annum fronting fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Revolving Commitment Maturity Date) in an amount equal to the product of (Aa) 0.125% times (By) the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section SECTION 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Appears in 1 contract
Fronting Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of the Issuing Bank a per annum fronting fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Maturity Date) in an amount equal to the product of (A) 0.125% times (B) multiplied by the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Appears in 1 contract
Fronting Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of the Issuing Bank a per annum fronting fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Revolving Credit Commitment Maturity Date) in an amount equal to the product of (A) 0.125% times (B) multiplied by the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Appears in 1 contract
Sources: Credit Agreement (Clubcorp Inc)
Fronting Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of the Issuing Bank a per annum fronting fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Revolving Commitment Maturity Date) in an amount equal to the product of (Aa) 0.1250.25% times (Bb) the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.
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Fronting Fee. Subject to Section SECTION 11.9 hereof, the Borrower shall pay to the Administrative Agent for the sole account of the Issuing Bank a per annum fronting fee (which fee shall be payable quarterly in arrears on each Quarterly Date and on the Maturity Date) in an amount equal to the product of (A) 0.125% times (B) per annum on the average daily amount available for drawing under all outstanding Letters of Credit. Subject , and computed, subject to Section SECTION 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.
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Fronting Fee. Subject to Section 11.9 hereof, the Borrower shall pay to the Administrative Agent for the account of the Issuing Bank a per annum fronting fee (which shall be payable quarterly in arrears on each Quarterly Date and on the Revolving Commitment Maturity Date) in an amount equal to the product of (A) 0.1250.250% times multiplied by (B) the average daily amount available for drawing under all outstanding Letters of Credit. Subject to Section 11.9 hereof, such fee shall be computed on the basis of a 360-day year for the actual number of days elapsed.
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